Word: canal
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Dates: during 1950-1959
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Geology and the northern weather provided rough obstacles. Along the Beauharnois Canal, contractors grated into sandstone so hard that it wore out drill bits in eight hours, had to soften the stone by firing it with kerosene torches at 4,000° F. They burned, drilled and blasted through two miles of solid rock. Partly to stabilize employment in Canada, contractors there kept up work at full speed through the winter months; they battled towering icefloes that threatened cofferdams, poured concrete in subzero weather, using jets of steam to keep it from freezing while it cured...
...waterways, will grow even busier when deep-draft ships can steam directly from the ocean lanes into the ports of Toronto, Cleveland and Chicago in what trade promoters like to call the Eighth Sea, the Fourth Coast, the North American Mediterranean. The main payloads on the old 14-ft. canals - iron ore upstream from Labrador and wheat downstream to Montreal-will fill the holds of probably nine-tenths of the ships on the new canal. Seaway planners forecast a traffic load of 25 million tons on the new seaway next season-just double the old seaway's 13 million...
...pass through both the St. Lawrence River and the Welland Canal, a ship would be charged 6? for each gross registered ton, plus 42? for each short ton (2,000 Ibs.) of bulk cargo and 95? a ton for general cargo. A modern C-2 freighter carrying 4,000 tons of bulk cargo (ore, grain, pulpwood. scrap) and 4,000 tons of packaged merchandise would pay $5,955 for a one-way passage; a profitless trip in ballast would cost only $475 in tolls...
...doubt that the Nixon attacks had a great deal to do with it. Only a fortnight ago, Panamanian President Ernesto de la Guardia managed to halt antigovernment student riots that had been going on for ten days. And only six weeks ago, demonstrating students invaded the U.S. Canal Zone and hoisted Panamanian flags to dramatize sovereignty claims. In Guatemala Communists, once held firmly in check by the late President Carlos Castillo Armas, are again able to cause trouble...
Just before Nasser left for Russia, the West had given him a chance to escape any further Russian clutches. After Nasser settled the expropriated Suez Canal Co.'s claims for $81 million (TIME, May 5), Washington freed $26 million in frozen Egyptian assets, and U.S. Ambassador Raymond Hare told Nasser that the U.S. was preparing generally for a return to "normal'' relations with Cairo, was ready to resume CARE surplus food shipments, student exchanges and rural improvement aid, and to end restrictions on delivering such industrial items as ball bearings, lubricating oils and spare parts...